I'm Scared: Obama's Plan Won't Work

President Obama is planning to spend $75 billion to prevent up to 9 million Americans from loosing their homes. This is yet another show of arrogance from our leader, and a "plan" that is not very well thought out. He thinks that he is the one that can "save" America.

Hey, I've got news for you buddy, these people can't be saved. You see, when you buy a home, the first thing everyone must do is honestly prove to themselves that they have a plan to repay the loan. These people bought homes without any plan of repayment.

In general, they are not experiencing emergency setbacks, they are experiencing stupidity and GREED. These people gambled that the housing market would keep appreciating and they took out loans that they never intended to repay. What's worse is the government loosened the banking regulations that allowed them to do it.

So now, President Obama wants to help these people out by restructuring their loans. Guess what? These people don't have a shred of financial responsibility and absolutely deserve to loose their homes. They deserve to be tenants, and the more financially conservative investors deserve to buy their homes at a deep discount. And while I'm at it, the banks that lent the money to these morons, deserve to go out of business.

President Obama, quit trying to save those that can't be saved. No they can't!